Speaking on BBC Panorama, Belfort said: “If I had Bitcoin back then I would have made $50billion. Seriously.

“It’s almost a mirror image of what was happening at my company.”

Belfort claimed people making money from bitcoin are putting out “false narratives” and “half-truths” to encourage others to sink their cash into the cryptocurrency.

Handout

Belfort made millions defrauding investors with 'pump and dump' schemes

AP: Associated Press

Jordan's life of luxury was immortalised in 2013 flick The Wolf of Wall Street

He said: “If you read them or hear them and don’t fully understand the big picture it is very easy to think they are right – that this thing is going to the stars it’s going to be the next big thing – and then you throw your money at it.

“People are mortgaging their homes, people are taking loans out on their credit cards, they’re putting their last dollars into Bitcoin.

“You know at the end of the day who are going to get slaughtered the most are the average mums and dads.”

The convicted fraudster said investors are piling their cash into Bitcoin because of a “fear of missing out”.

Panorama BBC1

Belfort said Bitcoin is a 'mirror image' of the scam his company used to run

The real 'Wolf Of Wall Street' Jordan Belfort says Bitcoin is now a 'huge danger'

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